1|Page
GEORGIA REAL ESTATE FINAL EXAM
QUESTIONS WITH DETAILED VERIFIED ANSWERS
(100% CORRECT ANSWERS) /ALREADY
GRADED A+
NYS Dept of State - .....ANSWER ...✔✔ agency that
licenses real estate agents/brokers
Property law name - .....ANSWER ...✔✔ Article 12A
Types of real estate licenses (3) - .....ANSWER ...✔✔
salesperson, associate broker, broker
An associate broker... - .....ANSWER ...✔✔ has no
broker powers
A broker... - .....ANSWER ...✔✔ sponsors salespeople
and associate brokers
The salesperson's license is kept by... - .....ANSWER
...✔✔ the broker for whom the salesperson is working
for, kept in a secure place
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Pocket ID card - .....ANSWER ...✔✔ Kept with the
agent, should be carried at all times
Any changes to a salesperson's license - .....ANSWER
...✔✔ should be submitted to the Department of State
with 5 days notice
Fees for license - .....ANSWER ...✔✔ Salesperson:
$50 every 2 years
Broker/Associate broker: $150 every 2 years
Education requirements - .....ANSWER ...✔✔ 22.5
hours of continuing education prior to license renewal
Total educational hours for broker's license -
.....ANSWER ...✔✔ 120 hours (75 sales, 45 brokers)
3500 points sales experience, 2 yrs full time
5250 points for related experience, 3 years full time
reciprocal states to NY - .....ANSWER ...✔✔ 9
Arkansas
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Colorado
Connecticut
Georgia
Massachusetts
Mississippi
Oklahoma
Pennsylvania
West Virginia
What are the other DOS Licenses? (5) - .....ANSWER
...✔✔ 1. Notary public
2. Apartment Information Vendor
3. Apartment Sharing Agent
4. Appraiser
5 Home inspector
Office regulations - .....ANSWER ...✔✔ 1. Must have
appropriate office signage
2. Kickbacks are illegal!
3. Blind ads are illegal! (bait and switch)
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Administrative discipline for misdeeds (3) - .....ANSWER
...✔✔ 1. suspension of license
2. Revocation of license (must wait one year before
applying for licensing privilege)
3. Article 78 proceeding - Appeal a decision
Stigmatized property disclosure - .....ANSWER ...✔✔
Article 443, sellers and seller agents do not have to
disclose this info and may or may not disclose upon
written request of the buyer or buyer agent. A seller
agent can disclose only with permission of the seller. A
buyer or buyer agent may provide written request for
disclosure to the seller or seller agent during
negotiations for purchase.
Do Attorneys need a license to practice real estate
brokerage? - .....ANSWER ...✔✔ No, except for when
they employ licensee to work under their supervision
Commingling of funds - .....ANSWER ...✔✔ ILLEGAL!
Net listings - .....ANSWER ...✔✔ ILLEGAL!
GEORGIA REAL ESTATE FINAL EXAM
QUESTIONS WITH DETAILED VERIFIED ANSWERS
(100% CORRECT ANSWERS) /ALREADY
GRADED A+
NYS Dept of State - .....ANSWER ...✔✔ agency that
licenses real estate agents/brokers
Property law name - .....ANSWER ...✔✔ Article 12A
Types of real estate licenses (3) - .....ANSWER ...✔✔
salesperson, associate broker, broker
An associate broker... - .....ANSWER ...✔✔ has no
broker powers
A broker... - .....ANSWER ...✔✔ sponsors salespeople
and associate brokers
The salesperson's license is kept by... - .....ANSWER
...✔✔ the broker for whom the salesperson is working
for, kept in a secure place
,2|Page
Pocket ID card - .....ANSWER ...✔✔ Kept with the
agent, should be carried at all times
Any changes to a salesperson's license - .....ANSWER
...✔✔ should be submitted to the Department of State
with 5 days notice
Fees for license - .....ANSWER ...✔✔ Salesperson:
$50 every 2 years
Broker/Associate broker: $150 every 2 years
Education requirements - .....ANSWER ...✔✔ 22.5
hours of continuing education prior to license renewal
Total educational hours for broker's license -
.....ANSWER ...✔✔ 120 hours (75 sales, 45 brokers)
3500 points sales experience, 2 yrs full time
5250 points for related experience, 3 years full time
reciprocal states to NY - .....ANSWER ...✔✔ 9
Arkansas
,3|Page
Colorado
Connecticut
Georgia
Massachusetts
Mississippi
Oklahoma
Pennsylvania
West Virginia
What are the other DOS Licenses? (5) - .....ANSWER
...✔✔ 1. Notary public
2. Apartment Information Vendor
3. Apartment Sharing Agent
4. Appraiser
5 Home inspector
Office regulations - .....ANSWER ...✔✔ 1. Must have
appropriate office signage
2. Kickbacks are illegal!
3. Blind ads are illegal! (bait and switch)
, 4|Page
Administrative discipline for misdeeds (3) - .....ANSWER
...✔✔ 1. suspension of license
2. Revocation of license (must wait one year before
applying for licensing privilege)
3. Article 78 proceeding - Appeal a decision
Stigmatized property disclosure - .....ANSWER ...✔✔
Article 443, sellers and seller agents do not have to
disclose this info and may or may not disclose upon
written request of the buyer or buyer agent. A seller
agent can disclose only with permission of the seller. A
buyer or buyer agent may provide written request for
disclosure to the seller or seller agent during
negotiations for purchase.
Do Attorneys need a license to practice real estate
brokerage? - .....ANSWER ...✔✔ No, except for when
they employ licensee to work under their supervision
Commingling of funds - .....ANSWER ...✔✔ ILLEGAL!
Net listings - .....ANSWER ...✔✔ ILLEGAL!
